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magazine. bob, you really had the backstory on what went on last night. i'm surprised to hear the congressman say it wasn't just the most conservative members of the republican house. does that comport with your understanding? >> sure. there are a few moderates who were against -- >> a few. >> a few, but this was really driven by the conservatives in the house who went to john boehner at 7:00 last night and they say we cannot support this at all. remember, there are 241 republicans in the house. boehner could risk having 24 defections. i hear the number was between 30, 50, maybe even 60 defectors. boehner pulled the entire thing from the floor, went ahead of the conference, said a prayer about serenity, and pulled the entire thing from the floor and sent everybody home. >> what was the basic objection. the congressman just said it wasn't a perception they would be participating in a raising of taxes. >> it really comes down to politics, michael. you have been in politics for decades. you know how it works. a lot of them said i can't go home and sell a tax rate increase, even i
. then at 8:00 a.m. eastern, senator ron johnson and bob corker. president obama issued a warning on "meet the press." >> on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up. >> but after it was all said and done, leaders on the senate floor couldn't get anything done, at least not yet. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know, i'm willing to get this done, but i need a dance partner. >> this morning, we've been trying to come up with some counteroffice to my friend's proposal. we haven't been able to do that. i've had a number of conversations with the presid
. we are at the gi bill rates the guys came back from the war. >> bob pisani is here this morning more on what's moving. hey, bob? >> let you know about an ipo pricing down here, pbf energy here operation 20.5 million shares at 26. this looks ready to open at 28. the book is frozen right now so that means that the -- the specialist you can the dmm here has indicated the final price is in, it looks like pbf is going to open right now at $28, one of two ipos down that are priced today, solarcity pricing over on the nasdaq that is not yet open. get to more on that shortly. guys, mentioning when will the bond bubble burr president? big topic overnight that i was getting, at least. the feds actually yesterday, yields spiking up, reignited this debate. remember, this was the big call at this time last year, 2012, the year the bond bubble burst. by the way, it hasn't abated. it has continued into the fourth quarter of this year, despite other people's predictions. seen continue outflows in stock mutual funds, the call for 2012 the wrong call, reignited, you mentioned ray dal yo, dave rubenste
and try to close this deal. >> bob or jimmy, will the house pass it? >> i think the house will pass it. the whip count is reportedly very close just on capitol hill. i think bainler get it passed and that puts the pressure on the senate and the president to come up with an appropriate response. >> it's weird, jimmy. they call it farsicle. nancy pelosi loved the idea for a while. i guess your idea is it doesn't have any spending cuts the president all along has been saying we need to make sure the middle class gets a tax hike. none of the middle class gets a tax hikend plan b. why is it such a farce? >> under what will be passed tomorrow, there is a middle class tax increase. the eic is taken out -- >> we're talking about marginal rates. gentlemen, gentlemen, these are facts. what is in that bill that boehner will send to the floor tomorrow, those tax credits are not in it. the point is john boehner is making his entire caucus walk the plank on the issue on whether or not millionaires and below don't have to pay any more taxes than anybody else. >> you say they're walking the plank. >>
children to sweat shop work day? >> anyway, let's check with bob pisani with more on what's moving today. >> let's talk about what the trading day's going to look like. that was the main topic of conversation overnight and through this morning. i would note, folks, i know this is not a good open, but we are well above where we were at the close last friday. so we were 1413 last friday at the close, 1427 now. i think on the s&p 500. okay. it's a bad day, a down day, but we're still actually above where we were at the close last year. we're up for the week on the s&p 500. i think the problem now is going to be talking about what the rest of the day's going to look like. my sense talking to everybody is, they'll try to sell at most of the rallies that go on, just to protect themselves for what we've been seeing here. that's going to be a problem. because i know you're hopeful maybe we'll get a move up toward the close. i think selling into the rallies is going to be a general problem. i specifically was talking to people about that today. we've been rallying. the biggest problem that we hav
vowels in his last name than consonants. >> let's go to the futures pits where bob iaccino is standing together. >> would you say chee-no, bob? >> would you like it in english or italian? >> iaccino. with that singing. >> wa part of italy, do you know? >> cosanza is the town. it's the foot of the boot. >> not a bad part of italy. >> no, there's really not. >> bob, help us here. >> i don't know if i can. >> you've got to. >> rise above, bob. >> just explain the volatility issue at a minimum. where do we go over the next two days of trading? we have today, we have monday and obviously we don't have tuesday. >> well, i don't know that we do a whole lot. i believe markets are just on the sidelines since before the start of the holidays for the most part. i believe there were some people holding out waiting for a fiscal cliff solution. i think we're going over the cliff, but we're grabbing one of those cartoon roots sticking out as we go over it. i think it will be a matter of days before just the political pressure of going over the cliff causes them to do about a 12-month deal. it's just
heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat the healthy foods he likes. do not stop taking xarelto® rivaroxaban without talking to the doctor who prescribes it for you. stoppin
] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat the healthy foods he likes. do not stop taking xarelto® rivaroxaban without talking to the doctor who prescribes it for you. stopping may increase your risk of having a stroke. get med
't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> 16 minutes past the hour. need a reason for a flu shot? how about this? cdc says this year's flu season is off to an early start for the first time in near ly a decade. parts of the south reporting unusually high case numbers. but there's a silver lining. doctors say this year's flu shot is an excellent match to the strain. >>> hillary clinton for new york city mayor. that's what outgoing mayor michael bloomberg wants. according to the "new york times," bloomberg reach ed out o the secretary of state and asked her to consider running next year but says hillary clinton declined. secretary said she will leave public service once her successor is in place. >>> one of the worl
to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the government's 16$16.4 trillion borrowing limit. treasury will take several measures to save that next year to keep the government from reaching the limit for about two months. but geithner warns it is harder to predict how long the delay will last because of all of this ongoing fiscal cliff negotiations making it harder to forecast what revenue and tax spending
we just heard from kenny and from bob. kenny, you were shaking your head, so angry at what is going on down there. the mark set telling them to get to work. and it's ridiculous, nothing is happening. >> i think the mark set tired of giving them a free pass. i think the last couple weeks, the market has been giving them room to negotiate. i think after what we saw last night, the mark set disgusted as it rightly should be, as our investors. >> thank you. sorry. >> i think this story today that they are trying to say this is strategic on boehner's part. i'm scratching my head. what is strategic in grand standing about how to pass it. then pulling out because he had no support at all. then today the senator saying, they misunderstood. what did they misunderstand? >> yeah. i think the important thing -- by the way, john harwood is hysterical describing what happened. that perfect. there are people trying to buy the lows of the day right after the open. remember this is quadruple witching. so there is a lot of volume down here. now we are essentially sitting a lows of the day. as we brea
and maybe next month he'll be right. hi bob, welcome. >> caller: good morning steph and mooks. >> stephanie: good morning. >> caller: i find it ironic that obama's reelection turned out to be jim demin's waterloo! [♪ circus music ♪] >> stephanie: see what you did there. that was one of those statements that obviously was rooting for the president's failure, but it was -- looking at the actual quote, he said if we are able to stop obama on this it will be a waterloo. we will break him. isn't that what they used to say about slaves. >> i don't think it was on purpose. it's hardball yes. >> stephanie: borderline treasonist sounding. >> yes. >> it could be a dog whistle or a horse whistle in this case. >> stephanie: that's what i mean an animal. exactly, jim. grover norquist saying we need to put a leash on the president. not okay. twenty-nine minutes after the hour. right back on the "stephanie miller show." ♪ very, very excited about that and very proud of that. >>beltway politics from inside the loop. >>we tackle the big issues here in our nation's capital, aro
bob corker is involved with one of those. we'll play that for everybody in a little while. the big question after this, where does this investigation go. >> reporter: there are at least four tracks to this investigation. this is really the beginning of the second chapter. first and foremost is the testimony from secretary clinton expected now in the middle of january because only she can address this missing policy piece. why it was that we had this limited security footprint on the ground when it showed this rising threat from al qaeda and these other islamist groups? second is this justice department or criminal investigation. we heard from the head of the house intelligence committee yesterday, my knowledge rogers, that investigation is essentially nowhere. the third piece is the size, the depth and breadth of the cia operation and the fourth and perhaps foremost, are the quality of these warnings that our reporting at fox we were able to show there was an emergency meeting in benghazi one month before the attack that was passed on to headquarters here in washington and they act
is hillary clinton's testimony. both senator bob corker and senator lindsay gramm have now said, there should not be a new secrettry of state and tell hillary clinton testifies. this certainly incentivizes john kerry to find some time on hillary's busy schedule in the next week or so and see if they cannot give her up there. this report does not answer a huge range of questions. the mainstream media after three months has paid his no attention so think it's hard, but i think the fact is that the policy failures that ended up in that tragedy in benghazi have not been changed and with gary in office, every prospect is they will simply continue down the same road which invitee more tragedy. lou: it is a chilling that this 3-month of stonewalling has succeeded to this point and that there is no indication irrespective of the appearance of secretary clinton. let's hope that i am being overly skeptical here, but irrespective of her appearance before congress. we will soon see a break in the stone wall. lou: i don't think they're well. when they come back there will be a new government, and e secret
on the state department during a time of fiscal austerity. host: here is a follow-up from senator bob corker who will take over as the ranking republican in the senate foreign relations committee in the 113th congress. [video clip] >> you were fully aware and either you send people there with a security or you send them there. i don't understand why you did not send a notification out, but the cables coming in, with concerns about security, why didn't you do just what you did with this -- seeking additional funds? i did not understand. the appropriations committee has never received from the state department a notification asking to shift funds for security in benghazi. i just want you to tell me why that didn't happen. you do it all the time. it happens almost weekly. >> senator, as you know, we are constantly evaluating our security posture. we are constantly reevaluating where we need funds. and we are constantly by winning the current situation on the ground in all of our countries. as you are well aware, we have risks all over the world and we are constantly evaluating and determining -
thompson. she's in for bob this morning. >> the dow is down 54 points. now just down about 34. the market is expected to move in tandem with any headlines across from washington. right now, we don't have the deal, not really a problem for the markets. of course, that could change as we head toward the close and the uncertainty builds. quick check of the european boards today. most of them were closed. those who did trade, i should say, were only traded a half day. the session there was mixed. the concerns over there continue to be will the u.s. go over the fiscal cliff. that kept pressure on some of the indices there. we're keeping watch on the bank stocks right now. we've seen a dourn-around in those there. futures popped earlier half an hour before the open. they have opened broadly to the down side in today's session. you guys were talking about it earlier, another positive reading on the pmi out of china. that seems to be lending some support to the material stocks in today's session, as you take a look at the shanghai composite, which is closing at a six-month high, or closed the new
kind of deal, but as bob pisani's been saying, i'm wonder if it's a bite rumor and sell the fact situation. >> more negative now than when i came down here. >> that's not very encouraging. where's the hope "closing bell" is next. >> a government fractured, a market paralyze. a call to action our markets careen towards the sharp edge of the fiscal cliff. we've is asked our politicians to seem compromise and find a solution. the clock is ticking down. the stakes are getting higher. now we're turning up the pressure. this is a cnbc special report, "mission critical, rise above d.c." >> and we do welcome you to "closing bell." i'm bill griffith here at the new york stock exchange. hey, maria. >> hey there, bill. big rally where you are. i'm bartiromo coming today from the white house for our special coverage. stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff deal. coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier
, bob. we did. got it. >>> well, washington's division and dysfunction threatened our economic recovery, some american cities are working their way back after decades of tough times. recently, i traveled to youngstown, ohio, and caught a glimpse of hope deep in the rust belt. >> this is your father's first restaurant? >> the first one. >> what street was it, do you remember? >> wick avenue. >> wick avenue. >> my grandmother's lived in youngstown, ohio, for more than 95 years. >> yes, i've seen it in many different phases. my grandfather came here from greece. he opened a restaurant, the american dream. >> but he taught himself english. he taught himself to read the newspaper, and he became a very successful businessman. as he would say, only in america. youngstown was prosperous, and downtown youngstown was really prosperous. it was wonderful to go to downtown youngstown and be all dressed up in gloves and hat and going in and out of the shops and having lunch downtown. it was exciting. >> but that prosperity didn't last. youngstown ohio was the manufacturing backbone of this country bu
about 18% year to date. back to you. >> thanks so much. bob pisani is here on the floor of the nyse, steady as she goes, caught in the narrow range today. >> sectors either side of positive or negative, a few individual groups are meeting, i want to highlight, a lot of questions about the retailers. historic high yesterday a number very weak. a lot of questions on gap. the reason gap is down is made some very cautious comments on gap, citing competition concerns, specifically talked about kohl's high inventory level that might cause them to be aggressive with promotions. weather unseasonably warm, not good for apparel. consumers hesitant. dashed.came out cutting guidance, own red lobster, cited consumers out there. playing in with the slight consumer slow down trend, see the notable restaurants down three 3, 4 or 5%. finally, sue, the bank index dropped here today and i can telling you the reason for that one today. elizabeth warren named the senate banking committee. ms. warren is a leading supporter of being very aggressive on banking regulation. the minute we sort of got confirma
. the senator from tennessee, bob corker, ribbing the president and chastising him for what he just calls his press conference. let's listen for a moment. >> without objection. >> mr. president -- >> senator from maryland. >> mr. president, i rise to speak on behalf of what is going on here today as the new chair of the -- >> okay, so tax hikes, it looks like tax hikes instead of affecting 98% of all americans will affect only the 5% of top earners. does that mean everybody is free and clear? not exactly. tomorrow, your paycheck will likely shrink. and that's with or without the fiscal cliff. that's because the payroll tax cut expires at midnight. right now, it does not look as if congress plans to extend it. the 4.2% you pay into social security will now go up to 6.2% of your salary. lawmakers have been so consumed by the fiscal cliff that it appears little was done to extend the 2010 payroll tax cuts, put in place by president obama two years ago in order to boost the economy. so what does it mean to your wallet? here is how much less you'll bring home if it expires. paychecks shrink $50 a
-to-work legislation. bob king, united autoworkers president yesterday. >> i think that unions -- i think things like this are waking the sleeping giant. working families are tired of losing. they want a fair share of the prosperity of this state and this country and i think that's going to help build the union movement. >> stephanie: yeah. i love the republican house speaker. this is about freedom. fairness and equality. these are basic american rights, rights that should unite us. that's why we did this behind closed doors with no referendum because we knew it would unite us. >> freedom for ceos. >> stephanie: michigan's future has never been brighter because workers are free. >> free to live on the streets. >> stephanie: yes. >> in winter. >> stephanie: ah yes. senator carl levin of michigan. >> he has a responsibility as governor of avoiding this kind of a cliff. it is not -- it's not good enough we told him -- for him to say that he would like to get this behind us. >> stephanie: he went on to say -- the senator
supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. >>> welcome back, everybody. if you are just waking up, the end of the world has come and gone and we are still here. dow futures are indicated sharply down, weaker by about 142 point. that's coming after boehner's plan b was never brought to the floor because they didn't have the votes. that has a lot of people thinking that it is going to be much more complicated to get any sort of deal by the end of the year. you see some reflection in the markets, certainly not the reaction that we saw after the t.a.r.p. vote faile
about to occur absent action by the congress and by the president. first of all, thank you, bob for that kind introduction. thanks for being so persist nt. i'm glad to have the chance now to come. in reflecting for my fair well address in the senate, i thought back to what motivated me to run for the united states senate. about 48 years ago i came to washington as a 16-year-old, sat in the gallery and watched a debate occur on civil rights. and i thought at the time some day i'd like to do that. i'd like to represent my state and i'd like to debate the great issues of the day. and after that trip i went home and i wrote on the back of an informal that i would run for the united states senate in 1986 or 1988 and i ran in 1986 and won what was considered to be the biggest political up senate north dakota history. so that is the power of a plan. and clearly our country now needs a plan. we need a fiscal plan. we need a plan that is going to bring us back from the brink because most economist tell us on our current course over the next several decades we will hit a debt that will be
and step down together the way ronald reagan and tip o'neill did, the way clinton did with bob dole, and newt gingrich. there is a long history of this. it means people getting into a room and preventing we all want to prevent, and if we share the same goal, there should be a way for us to reach 8. i am sorry that the house yesterday was unable to pass that the dissolution, which was obviously a rebuke to their leader, but hopefully over their recess, when the come back after christmas, there will be cooler heads prevail in, and the president will begin serious negotiations. thanks. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> the president has announced he is gone to make a statement in about 20 minutes on the fiscal cliff. we will take you live to the white house briefing room, settle for 5:00 p.m. or from the white house earlier today when the president nominated each senator john kerry to be secretary of state. he and his wife to join the president for the announcement in the white house roosevelt room. >> go
1cccm02146 slutty bob hope. the troops love me. the sweatshirt is nice and all but i could use a golden lasso. >> announcer: stephanie miller. ♪ oh here she comes watch out boy, here she comes she'll chew you up ♪ ♪ she's a man-eater ♪ >> that's not what i heard. >> stephanie: all right. it is "the stephanie miller show." welcome to it. 23 minutes after the hour. 1-800-steph-12. speaking of beaver -- >> hey! >> stephanie: right there. if you're watching on tv -- he's going to need his own facebook page at some point. >> stephanie: steph, when you planted bucky beaver staring at jim, the visual tension was hysterically entertaining as though bucky was hypnotizing jim to leave for another voice-over job. [ ♪ hypnotic ♪ ] that's one ambitious christmas beaver. i know you're constantly juggling balls during your show but i know with your theatre degree, you can pay attention to bucky's blocking. [ applause ] >> stephanie: all right. we're starting to lose it. okay. all right. >> we still have more
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